Merchants Trust. - Net Asset Value(s)

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Mon Mar 31, 2008 10:29am EDT 

RNS Number:2019R
Merchants Trust PLC
31 March 2008

The Merchants Trust plc



As recommended by the AIC, financial assets are now valued on a bid price basis
in accordance with revised UK accounting standards.



The Merchants Trust PLC announces that at close of business on 28 March 2008:

1)      based on the book value of the company's long term debt and preference
shares, its capital net asset value per ordinary share was 456.58p; and

2)      based on the market value of the company's long term debt and preference
shares, its capital net asset value per ordinary share was 435.41p.



The market values of the company's long term debt and preference shares are
based on closing Stock Exchange Daily Official List prices (with the exception
of the 2029 5.875% debenture stock where the market value is derived by applying
an interest rate that represents a suitable premium over a comparable gilt) and
are updated monthly.



Enquiries:

Kirsten Salt

Tel: 020 7065 1513

31 March 2008




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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